China's May Exports Rise 19.4% YoY, Exports to US Jump 35.6%
China's General Administration of Customs announced that May's dollar-denominated exports grew 19.4% year-on-year, while imports increased by 27.4%, both exceeding market expectations. Reuters analysis suggests this was driven by advance purchases from overseas buyers anticipating rising energy costs due to the Middle East war, as well as stable demand for semiconductors and AI hardware. Exports to the US notably surged by 35.6% to $39.03 billion. However, economists warn that demand may slow once overseas inventories peak.
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- 📰 Published: June 9, 2026 at 13:01
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(CNA, Taipei, 9th) China's General Administration of Customs announced today that in May, dollar-denominated exports increased by 19.4% year-on-year, and imports grew by 27.4%, both higher than market expectations. A Reuters report indicated a belief that overseas buyers made advance purchases to cope with rising energy costs from the Middle East war, and that stable demand for semiconductors and artificial intelligence hardware also boosted exports.
According to data released by the General Administration of Customs, from January to May this year, dollar-denominated exports increased by 15.5% year-on-year, while imports grew by 24.5%, resulting in a trade surplus of $451.71 billion. China's trade surplus in May was $105.43 billion.
In yuan terms, China's May exports rose by 13.8% year-on-year, and imports increased by 21.5%, with a trade surplus of 723.98 billion yuan. From January to May, China's exports grew by 11.8% year-on-year, and imports rose by 20.5%.
China's exports to the United States in May increased by approximately 35.6% year-on-year to $39.03 billion, while imports from the United States grew by about 20.3% to $13.01 billion.
A Reuters report today stated that the Middle East conflict has not yet impacted China's exports, but economists say that when overseas buyers' inventories peak and costs rise, they will start to reduce their stocks while awaiting a ceasefire. (Editors: Chen Kai-yu / Chu Chien-ling) 1150609
According to data released by the General Administration of Customs, from January to May this year, dollar-denominated exports increased by 15.5% year-on-year, while imports grew by 24.5%, resulting in a trade surplus of $451.71 billion. China's trade surplus in May was $105.43 billion.
In yuan terms, China's May exports rose by 13.8% year-on-year, and imports increased by 21.5%, with a trade surplus of 723.98 billion yuan. From January to May, China's exports grew by 11.8% year-on-year, and imports rose by 20.5%.
China's exports to the United States in May increased by approximately 35.6% year-on-year to $39.03 billion, while imports from the United States grew by about 20.3% to $13.01 billion.
A Reuters report today stated that the Middle East conflict has not yet impacted China's exports, but economists say that when overseas buyers' inventories peak and costs rise, they will start to reduce their stocks while awaiting a ceasefire. (Editors: Chen Kai-yu / Chu Chien-ling) 1150609
FAQ
中國5月的出口表現如何？
根據中國海關總署數據，5月以美元計價的出口年增率為19.4%，高於市場預期。
為何中國5月的出口會超出預期？
路透社報導分析，主要有兩個原因：一是海外買家為應對中東戰爭可能帶來的能源成本上升而提前採購；二是對半導體和人工智慧（AI）硬體的需求保持穩定。
中國5月對美國的貿易狀況如何？
中國5月對美國出口年增約35.6%，達到390.3億美元；自美國進口則年增約20.3%，達到130.1億美元。
今年以來中國的整體貿易順差是多少？
根據數據，今年1至5月，以美元計價的累計貿易順差為4517.1億美元。
對於未來的出口趨勢有何預測？
經濟學家表示，雖然中東衝突尚未對出口造成衝擊，但一旦海外買家的庫存達到峰值，且成本持續上升，他們可能會在等待停火期間開始減少庫存，這可能影響未來的出口表現。